The group plans would bypass regulations under Obamacare including the coverage of emergency services, mental health, prescription drugs, and maternity and newborn care as essential health benefits.

The Trump administration may also roll back restrictions on short-term medical insurance and allow people to buy limited protection coverage for up to a year, an official told the WSJ.

Conservatives argue Trump’s plans will boost competition and offer more options while driving down premium costs.

Conservatives argue Trump’s plans will offer more options but critics say his plans would siphon off healthier people with the lure of low premiums and in turn drive up costs for the sick.

(Chip Somodevilla/Getty Images)

But critics say his plans would siphon off healthier people with the lure of low premiums and in turn drive up costs for the sick.

Larry Levitt of the Kaiser Family Foundation told NPR, “If the executive order is as expansive as it sounds and association plans are allowed to cherry-pick healthy people, it could truly cause the individual insurance market under the ACA to collapse, leaving people with pre-existing conditions without access to affordable coverage.”

Hannity on Wednesday highlighted truckers, saying the executive order would be “perfect” for them, while Trump added, “This will be fantastic. I would have done this immediately, but we were hoping for the healthcare [to pass].”